KCLB Featured in Wall Street Journal

July 6, 2021

FOR IMMEDIATE RELEASE

KCLB Promoted in Wall Street Journal

The Kingston City Land Bank celebrates the national promotion of our work and City

On July 3rd and 4th, the Wall Street Journal ran a front-page article that featured the work of the Kingston City Land Bank (KCLB). In addition to a profile of the KCLB, the article features photos of our ongoing work to rehab and sell homes under our PILOT program: https://kingstoncitylandbank.org/2021/05/11/application-period-re-opens-for-three-single-family-homes-in-kingston/

“We are honored and humbled to have our work promoted on the national stage,” said Mike Gilliard, Executive Director of the KCLB. “While Kingston has the fastest-rising home prices in the nation, we look forward to continuing to serve to provide housing opportunities for all. This PILOT program is the first of several exciting initiatives we are planning to directly benefit our entire community.”

The Wall Street Journal article can be found here: https://www.wsj.com/articles/older-americans-35-trillion-wealth-giving-away-heirs-philanthropy-11625234216

The Kingston City Land Bank was formed with the purpose of acquiring title to tax-foreclosed and other distressed properties in the City of Kingston, removing barriers to redevelopment and returning properties to the tax rolls. Its mission is to foster an equitable community where vacant or distressed properties are transformed into community assets that improve the quality of life for Kingston residents, stabilize and enhance neighborhoods, and create new pathways for social and economic development.

For more information about the KCLB and to join our mailing list for updates, visit www.kclb.org  and follow us on Instagram at @kingstoncitylandbank

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